Test
Bourse Under Pressure as External Risks Weigh
The Colombo Bourse remained under pressure during the week as escalating Middle East tensions, rising oil prices and global fuel supply concerns weighed on investor sentiment, with the ASPI declining 1.53% to 21,056. Although institutional activity provided some support and Friday's relief rally emerged as the market approached oversold levels, overall participation remained cautious, with average daily turnover improving modestly to LKR 1.61Bn. The RSI fell to 33.7, indicating near-oversold conditions, while the MACD turned bearish. With the ASPI approaching the 21,000 support level, continued volatility may present selective opportunities for medium- to long-term investors in fundamentally strong counters as external pressures eventually ease.
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